Dec, 31, 2023 — PORT WASHINGTON FEDERAL CREDIT UNION is a federal credit union headquartered in PORT WASHINGTON, NY with 0 branch location and about $67.88 million in total assets. Opened 56 years ago in 1968, PORT WASHINGTON FEDERAL CREDIT UNION has about 3,090 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PORT WASHINGTON FEDERAL CREDIT UNION |
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Address: (Main Office) | 157 main st PORT WASHINGTON, NY 11050 |
Phone: | (516) 883-3537 |
Fax: | (516) 883-3513 |
Website: | https://www.pwfcu.org |
Branches: | 0 branch locations |
Members: | 3,090 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18635 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,883,764 |
CEO/Manager: | Michael J Fitzgerald |
Chairperson: | steven belanich |
ASSETS: | $ Amount |
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Cash & Equivalents | 494,705 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 49,917,948 |
Unsecured Loans | 2,607,456 |
Other Loans | 1,394,008 |
TOTAL LOANS | 53,919,412 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,720 |
Land And Building | 0 |
Other Fixed Assets | 16,387 |
NCUSIF Deposit | 473,302 |
All Other Assets | 0 |
TOTAL ASSETS | 67,883,764 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 71,316 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 952,073 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,809,515 |
Regular shares | 30,937,318 |
All Other Shares & Deposits | 17,554,116 |
TOTAL SHARES & DEPOSITS | 54,300,949 |
TOTAL LIABILITIES | 55,324,338 |
Regular Reserve | 0 |
Other Reserves | 1,352,432 |
Undivided Earnings | 11,206,994 |
TOTAL EQUITY | 12,559,426 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,883,764 |
INCOME & EXPENSE | |
Loan Income | 2,133,997 |
Investment Income | 135,088 |
Other Income | 243,539 |
Total Employee Compensation & Benefits | 605,471 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 460,535 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 741,981 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 731,334 |
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